Motor Vehicles: Safety Uber

motor vehicles: Meanwhile, it continues to defy regulations like its recent avoidance of a California permit for autonomous driving, which requires disclosure of facts important for public safety, according to Market Watch. Uber did not respond Tuesday to a request for comment about its financials, which were reportedly provided to some private investors, nor its recent spat with the state of California's Department of Motor Vehicles. While most companies that have had as much obvious investor interest and need for capital as Uber would have gone public by this point, Uber remains private and discloses its financial results to only a small, chosen number of people. Earlier this week the Information and The Wall Street Journal reported that privately held Uber lost at least 800 million in the third quarter, excluding taxes and its recently sold China business, putting it on track for a possible operating loss of about 2.8 billion in 2016. Despite pressure from the city of San Francisco's normally tech-friendly Mayor Ed Lee, Uber continues to defy requests that it obtain a permit for conducting self-driving pilots in the city, saying the regulations apply to autonomous vehicles and that its cars are not capable of driving without active physical control or monitoring by a human operator. On the positive side, Uber's sales jumped to 1.7 billion, from 1.2 billion in the second quarter. (news.financializer.com). As reported in the news.